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Jan 12, 2013
01/13
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is forcing upon the united states, in contrast, say, with europe, i think the best thing for america, for anyone who runs a business, anyone who wants a job, would be if the debt ceiling and the sequester, people just forgot about it for 12 months. >> interesting point. before you go there, i want to ask you something. chrystia made a point we may be lying to people about because we say it all the time. businesses hate uncertainty. all we've had is uncertainty. seriously, for five years. and the stock market is at a five-year high. >> you can call this certainty. >> right. >> frequency that it will happen again. >> is this the new normal and it doesn't matter? can we forget about this and move on? >> they like certainty and markets will wobble if there's no certainty, but business gets on with doing business. they learn how to trade in the most unfavorable scenarios. look at the great recession, 2008, 2009. business knows what has to be done. it has to cut back, spend more, all those sorts of things. it has to shift production. it may be uncomfortable, unpleasant, shifting production
is forcing upon the united states, in contrast, say, with europe, i think the best thing for america, for anyone who runs a business, anyone who wants a job, would be if the debt ceiling and the sequester, people just forgot about it for 12 months. >> interesting point. before you go there, i want to ask you something. chrystia made a point we may be lying to people about because we say it all the time. businesses hate uncertainty. all we've had is uncertainty. seriously, for five years....
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Jan 5, 2013
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comparing greece's economy to the united states, their army to ours. there is no comparison. we're a sovereign, currency nation. we can control so many things that the greek government can't. so we just ought to forget that kind of talk. and we're the strongest economy in the world and we have many more options than other nations in the country. >> glad to hear you say it. we look forward to hearing you from again. >>> nancy pelosi is defending the use of photo shop magic on all of the women in the house democratic caucus. four congresswomen didn't show up. the picture was taken without them like so. but on pelosi's facebook and flicker pages, you see this photo of the same event which includes the four absent women, there at the top. ms. pelosi says it's an accurate historical record and the group couldn't wait for the others, because it was so cold and they didn't have time to wait for them. >>> in this week's office politics, we talk with nbc's al roker, weather man extraordinaire. but he has more going on than his "today" show gig. he was the first to give newly re-electe
comparing greece's economy to the united states, their army to ours. there is no comparison. we're a sovereign, currency nation. we can control so many things that the greek government can't. so we just ought to forget that kind of talk. and we're the strongest economy in the world and we have many more options than other nations in the country. >> glad to hear you say it. we look forward to hearing you from again. >>> nancy pelosi is defending the use of photo shop magic on all...
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Jan 29, 2013
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states is based on the state of our economy. we are going to enshrine my here the principle that when there are job openings, americans get the first grab at it. >> senator schumer says he has spoken with president obama and that the president supports the bipartisan plan. president obama is flying to nevada to push the issue there. there was a flash of the old straight talking john mccain today when he was asked why republicans are suddenly ready to compromise so much on immigration. >> one, as i have stated before elections, elections, the republican party is losing the support of our hispanic citizens. and we realize that there are many issues in which we think we are in agreement with our hispanic citizens. but this is a preeminent issue with those citizens. >> today's developments left one right-wing republican observer completely dumbfounded. >> if the democrats think their position on immigration, let's use that for example, is the right one, and if the democrats' position is what is getting all that support from hispanic
states is based on the state of our economy. we are going to enshrine my here the principle that when there are job openings, americans get the first grab at it. >> senator schumer says he has spoken with president obama and that the president supports the bipartisan plan. president obama is flying to nevada to push the issue there. there was a flash of the old straight talking john mccain today when he was asked why republicans are suddenly ready to compromise so much on immigration....
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Jan 28, 2013
01/13
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in the united states led to many fewer border crossings over the mexican border. >> you saw it immediately after the -- you saw talk radio was open to the prospects. sean hannity talked about it openly. it was a huge hello. >> when grover norquist heard that sean hannity -- he happened to be with norquist. he thought this was this huge deal. he, interestingly, has been pro-immigration. >> it is a huge deal. >> he was like looking at it like when -- this is an obscure reference, like arthur vandenberg became an internationalist huge deal in american foreign policy in the late 1940s. if -- >> like when -- >> if there are two people that would get it. if this is a real deal, what you say, with talk radio -- >> i think it is. >> moving on this issue, and i think the bill -- >> let's also keep in mind that the democrats are trying to turn texas blue. there is work afoot to capitalize on the demographic question here. >> jody, this is my question. i feel like we're -- this is a big moment for the republican party in terms of brand and also policy. i haut this was an incredible moment when jim de
in the united states led to many fewer border crossings over the mexican border. >> you saw it immediately after the -- you saw talk radio was open to the prospects. sean hannity talked about it openly. it was a huge hello. >> when grover norquist heard that sean hannity -- he happened to be with norquist. he thought this was this huge deal. he, interestingly, has been pro-immigration. >> it is a huge deal. >> he was like looking at it like when -- this is an obscure...
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Jan 10, 2013
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states. we have the remarkable story in this week's human factor. >> his career spanned engineering, being a company vice president and the law. he discovered a new passion. marathons. nine years ago, days after running his first 26-mile race, he got devastating news. >> i had gone to the doctor a couple of times for pain in my back. it was multiple mi loam a. >> a cancer of the blood where the white blood cells invade the bone marrow, causing pain. usually in the back or the ribs and patients are rarely cured. he refused to let it slow him down, even qualifying for the boston marathon. >> i got a devastating diagnosis. we kept ongoing, my family and i. there was no reason to stop and be sorry. we kept running marathons. >> on december 9th under a hot hawaiian sun, wright now 71 reached his seemingly impossible goal, running a marathon in all 50 states. >> it feels wonderful. a philosophy of that i have is live one day at a time and make it a masterpiece. that was a masterpiece. >> he was not
states. we have the remarkable story in this week's human factor. >> his career spanned engineering, being a company vice president and the law. he discovered a new passion. marathons. nine years ago, days after running his first 26-mile race, he got devastating news. >> i had gone to the doctor a couple of times for pain in my back. it was multiple mi loam a. >> a cancer of the blood where the white blood cells invade the bone marrow, causing pain. usually in the back or the...
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Jan 14, 2013
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states to producers and other places, and you know, they're in their own way, part of is global economy and have their own way of doing business and one of the problems a lot of outsiders have when they come into haiti and try to do good, and come in often times with very good intentionses mistake what they see around them for being nothingness or bleakness or chaos on which some kind of outside formal order has to be imposed without respecting the way that hatians conduct their lives on their own of course. and improving that understanding would be a significant and optimistic step improving the lives going forward. >> i think there's an awareness of cholera, but it could coming back by day and access to clean water is a tremendous issue in haiti. lack of clean water causes so much health problems. high infant morality rate in haiti and that's one reason we worked with a lot of water and sanitation programs, digging new wells and teaching people sanitation techniques, how to wash their hands and take care of food to try to eliminate this. the good point of the terrible cholera epidemic
states to producers and other places, and you know, they're in their own way, part of is global economy and have their own way of doing business and one of the problems a lot of outsiders have when they come into haiti and try to do good, and come in often times with very good intentionses mistake what they see around them for being nothingness or bleakness or chaos on which some kind of outside formal order has to be imposed without respecting the way that hatians conduct their lives on their...
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Jan 24, 2013
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it should be no doubt that the full faith and credit of the united states will be honored, and that is what our constitution says. >> the gimmick nature of this whole thing i won't elaborate on, has been done before. >> either way, the passage of this bill has allowed lawmakers to skip from brinkmanship to probably more brinkmanship. looming just over the horizon is a budget battle that could shut down the government and automatic steep spending cuts that could cost thousands of jobs. welcome to the new normal in washington. joining us now from davos, switzerland, is cnbc's squawk box co-host "new york times" columnist and author of too big to fail, andrew ross sorkin. it is great to see you. i can't see the snowcapped mountains in the background, but i'm sure they are there. >> you can't? come on. they're there. they're there. i promise. >> i believe you. >> i promise. >> i want to ask you, andrew, what is the view from davos? >> colder, by the way, in new york than here, apparently. what did you say, alex? >> that's the climate change block that we'll keep you on for later. in terms
it should be no doubt that the full faith and credit of the united states will be honored, and that is what our constitution says. >> the gimmick nature of this whole thing i won't elaborate on, has been done before. >> either way, the passage of this bill has allowed lawmakers to skip from brinkmanship to probably more brinkmanship. looming just over the horizon is a budget battle that could shut down the government and automatic steep spending cuts that could cost thousands of...
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Jan 18, 2013
01/13
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states of america. we need to work this through, find a long-term solution for this and bring some certainty to the economy. >> i'm not sure i'd say it's an entirely positive statement from the white house saying that, gee, republicans need to stop holding a gun to americans' head. that's true. but of course that's not what is happening. we've spent the money and this is is a few check mechanisms that we have to control spending. so it's a fairly partisan assault but what you're seeing republicans in the house do, wolf, is retreat. you don't attack in politics from a position of weakness. you attack from a position of strength. we don't have the political strength and support of the country. the party is going to have to change and move forward. before it can do that, hey, sometimes when you're losing, you retreat and live to fight another day. >> and i think the polling that we've seen in the last few days, wolf, support what alex just said. the republican party brand is very, very beaten up. i think p
states of america. we need to work this through, find a long-term solution for this and bring some certainty to the economy. >> i'm not sure i'd say it's an entirely positive statement from the white house saying that, gee, republicans need to stop holding a gun to americans' head. that's true. but of course that's not what is happening. we've spent the money and this is is a few check mechanisms that we have to control spending. so it's a fairly partisan assault but what you're seeing...
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Jan 19, 2013
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businesses to operate more efficiently and they attract business to the united states. there is no denying that america's infrastructure is in a sorry state. the american society of civil engineers gives it a grade of "d." the u.s. will invest in infrastructure but not enough. here's what the u.s. needs. $2.75 trillion in investment in infrastructure to bring it to a grade of good repair. but the american society of civil engineers xps the u.s. to invest $1.66 trillion, which means 40% of infrastructure needs will go unfilled. that means longer commutes, higher prices, more blackouts. what is that extra $1.9 trillion we are not going to spend buy you? of course to the asce it avoids $611 billion and costs the households $1.2 trillion in costs for businesses. u.s. economic output would be increased by $3.1 trillion. it will save 3.5 million jobs. every household will have an additional $3,100 in disposable income each year. christine romans is host of your "bottom line." kate asher is the milstein professor of urban development at columbia university, also a principal at
businesses to operate more efficiently and they attract business to the united states. there is no denying that america's infrastructure is in a sorry state. the american society of civil engineers gives it a grade of "d." the u.s. will invest in infrastructure but not enough. here's what the u.s. needs. $2.75 trillion in investment in infrastructure to bring it to a grade of good repair. but the american society of civil engineers xps the u.s. to invest $1.66 trillion, which means...
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Jan 8, 2013
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we're talking about the united states of america going into default. the most powerful economy in the world saying our political system, our system is too disfunctional for us to reliably pay our bills. that would be anything but good for this country. if congressman salmon had been with me this morning, he would understand it. this morning i attended a briefing by the bipartisan policy on the debt ceiling. they did amazing work on this issue and really got into the weeds on it more than anyone i have seen before. they looked at how many checks the government sends out a month. how the payment software works, and i want to tell you, and maybe congressman salmon five of the things they had. because after you hear this you wouldn't want to bust for the debt ceiling, they project right now that the debt ceiling doomsday, really the final day for it would happen sometime between february 15th, and march one. either congress figures out the debt ceiling before then or things get very bad, real quick. first it means the federal government will have to defaul
we're talking about the united states of america going into default. the most powerful economy in the world saying our political system, our system is too disfunctional for us to reliably pay our bills. that would be anything but good for this country. if congressman salmon had been with me this morning, he would understand it. this morning i attended a briefing by the bipartisan policy on the debt ceiling. they did amazing work on this issue and really got into the weeds on it more than anyone...
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Jan 15, 2013
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the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly, because time is running short. >> the president simple and direct. everybody on the same page now? of course not. naturally, the republican leaders decided to confuse and distract one more time. senate republican leader mitch mcconnell continued to link the debt ceiling increase to spending. in a statement he said the president and his allies need to get serious about spending and the debt limit debate is the perfect time for it. house speaker john boehner also ignored his obligation to pay the nation's bills and also complained about spending. the american people do not support raising the debt ceiling without reducing government spending at the same time. they speak so confident, don't they? it's almost as if they forgot all about the spending cuts the president already gave them over a year ago. well, let's try to help them figure it out a little bit with a little visual and audio assistance. >> over the past two years i've signed into law about $1.4
the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly, because time is running short. >> the president simple and direct. everybody on the same page now? of course not. naturally, the republican leaders decided to confuse and distract one more time. senate republican leader mitch mcconnell continued to link the debt ceiling increase to spending. in a statement he said the president and his allies need to get serious about...
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Jan 13, 2013
01/13
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is forcing upon the united states, in contrast say with europe. i think the best thing for america, for anyone who runs a business, for anyone who wants a job, would be if the debt ceiling and the sequester, people just forgot about. for 12 months. >> this is an interesting point. richard, i think we may be lying to people. about christine says it you say it a i say it. that businesses hate uncertainty. you know what all we've had is uncertainty and the stock market is at a five-year high. >> can you call this certainty. it's happening with such frequency that it can be certainty. >> it just the new normal? can we just forget about this and move on? >> they like certainty and markets will wobble if there's no certainty. but business gets on with doing business. they learned how to trade in the most unfavorable scenarios. look at the great recession, 2008, 2009. business knows what has to be done. it has to cut back when it has to spend more. all of those sort of things, when it has to shift production. when it shifts production to low-cost environ
is forcing upon the united states, in contrast say with europe. i think the best thing for america, for anyone who runs a business, for anyone who wants a job, would be if the debt ceiling and the sequester, people just forgot about. for 12 months. >> this is an interesting point. richard, i think we may be lying to people. about christine says it you say it a i say it. that businesses hate uncertainty. you know what all we've had is uncertainty and the stock market is at a five-year...
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Jan 14, 2013
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. >>> the most important relationship in the world right now is the one between the united states and china. the world's number one and number two economies. successful management of this relationship will be one of president obama's most important tasks over the next four years, it's a mission fraught with potential pitfalls as the two pow powers compete economically, and militarily as well. a little over a year ago, president obama signalled a pivot to asia. >> we are here to stay. >> how is it working? jimmy carter's national security adviser help ed broaden the relationship with china. you say it's a challenge and opportunity the shift of power to asia? >> that's correct. i think our policy historically has been europe focused. today the center of political gravity has shifted from europe to asia. in the sense that both are now important. we ought to think of our role in asia. not in the fashion that because of two world wars we were compelled to think of it in europe, but more in the fashion that is similar to british rule in europe in the 19th century. britain was not a protagon
. >>> the most important relationship in the world right now is the one between the united states and china. the world's number one and number two economies. successful management of this relationship will be one of president obama's most important tasks over the next four years, it's a mission fraught with potential pitfalls as the two pow powers compete economically, and militarily as well. a little over a year ago, president obama signalled a pivot to asia. >> we are here to...
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Jan 15, 2013
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and risk the full faith and credit of the united states and to do so is irresponsible, the consequences of not paying our bill would be disastrous. the charges went on and on and on and made it sound like only an anarchist would oppose raising the debt ceiling. listen to this: . >> what i will not do is to have that negotiation with a gun at the head of the american people, the threat that unless we get our way, unless you gut medicare or medicaid or otherwise slash things that the american people don't believe should be slashed, that we're going to threaten to wreck the entire economy. look, i don't think anybody would consider my position unreasonable here. democrats don't like voting for the debt ceiling when the republican's president, but you never saw the situation in which democrats suggested somehow that we would go ahead and default if we didn't get 100% of our way, that's just not how it's supposed to work. >> sean: hearing that i can't help, but be reminded of obama's record on the debt ceiling, obama himself in 2006 when he was a junior senator from illinois who opposed rais
and risk the full faith and credit of the united states and to do so is irresponsible, the consequences of not paying our bill would be disastrous. the charges went on and on and on and made it sound like only an anarchist would oppose raising the debt ceiling. listen to this: . >> what i will not do is to have that negotiation with a gun at the head of the american people, the threat that unless we get our way, unless you gut medicare or medicaid or otherwise slash things that the...
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Jan 21, 2013
01/13
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we'll hear from the president of the united states from the candle night celebration. let's listen to more of the grambling state marching band here on the national mall. ♪ >> grambling university marching band. the vice president of the united states is about to speak with dr. jill biden. let's listen in to hear what they're saying at the candle light celebration, the national museum building. >> and that means so much to me and joe. joe and i are thrilled and i know you feel the same way to have barack obama as our president for another four years. [ applause ] and michelle as first lady. [ applause ] and i may be a little biassed but i couldn't think of a better man than my husband to help our president lead our country for the next four years. [ applause ] as long as he has the privilege of serving this nation, i know that joe will keep fighting for american people every day. ladies and gentlemen, please join me in welcoming my husband, our vice president, joe biden. [ applause ] >> move this away, baby. hello. i am jill biden's husband an i'm delighted to be wit
we'll hear from the president of the united states from the candle night celebration. let's listen to more of the grambling state marching band here on the national mall. ♪ >> grambling university marching band. the vice president of the united states is about to speak with dr. jill biden. let's listen in to hear what they're saying at the candle light celebration, the national museum building. >> and that means so much to me and joe. joe and i are thrilled and i know you feel the...
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Jan 14, 2013
01/13
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the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly, because time is running short. the last time republicans in congress even flirted with this idea, our aaa credit rating was downgraded for the first time in our history, our business created the fewest jobs of nearly any month in the last three years, and ironically, the whole fiasco actually added to the deficit. so it shouldn't be surprising, given all this talk, that the american people think washington is hurting rather than helping the country at the moment. >> and coming up this hour, our favorite personal finance expert, suze orman. she's got a solution for the u.s. economy. cut up the credit cards! don't rely on these new revenues to bail you out. suze orman's plan for president obama next four years, plus her plan to help you with your personal debt well. >>> and it is all waste. that's right, a new report saying nearly half of the world's food is wasted. self-proclaimed dumpster diver, jane velez-mitchell, is weighing in. overmany discounts to
the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly, because time is running short. the last time republicans in congress even flirted with this idea, our aaa credit rating was downgraded for the first time in our history, our business created the fewest jobs of nearly any month in the last three years, and ironically, the whole fiasco actually added to the deficit. so it shouldn't be surprising, given all this talk, that the...
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Jan 21, 2013
01/13
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making the united states more economically competitive in the 21st century global economy investing in community colleges, improving the education system and linking that with the business sector. if he can do that, he can leave four years from now with an america with a better economy and much more well positioned for prosperity in the 21st century. >> wait a moment. we have to check in with reporters around the town now. brooke baldwin at the red, white and blue ball. brooke, can you hear me? you are with military leaders and lynyrd skynyrd, i hear. >> you hear correctly, my friend. i can barely hear myself speak and so glad you came to me. i don't know if you can hear. i'm a southern girl. i'm in my perfect place hearing the southern rock band lynyrd skynyrd. playing a significant song. this is "simple man." i was talking to them backstage and they said they sing at concerts all the time. that is hero's red, white and ball here in washington. the men and women of military, many of these guys just in wheelchairs to my right who have made it out here from walter reed recovering or try
making the united states more economically competitive in the 21st century global economy investing in community colleges, improving the education system and linking that with the business sector. if he can do that, he can leave four years from now with an america with a better economy and much more well positioned for prosperity in the 21st century. >> wait a moment. we have to check in with reporters around the town now. brooke baldwin at the red, white and blue ball. brooke, can you...
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Jan 24, 2013
01/13
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look, the little bit of good news here, ed, was that republicans recognized that the united states has to pay their bills. the bad news is they said, well, we only have to pay our bills as a country until may 19th. and so they've left this huge uncertainty hanging over the economy. we know that when they did this in 2011, it produced the month with the lowest job growth. it meant that our credit rating got downgraded. so while republicans have spent the last couple of years saying we need more certainty in the economy, what they have done is put more uncertainty in the economy. that will hurt the economy. and in order to get their right wing tea party folks to even do that, to even extend the debt court of appealing to may 19th, they had to promise them that they were going to slash spending. and the only way to make the math work, i mean, paul ryan wants to talk about the math, the only way to make the math work in the way they approached the budget is to rescind and violate all the promises we made to our seniors, devastate medicaid, transfer rising health care costs on to seniors in
look, the little bit of good news here, ed, was that republicans recognized that the united states has to pay their bills. the bad news is they said, well, we only have to pay our bills as a country until may 19th. and so they've left this huge uncertainty hanging over the economy. we know that when they did this in 2011, it produced the month with the lowest job growth. it meant that our credit rating got downgraded. so while republicans have spent the last couple of years saying we need more...
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Jan 20, 2013
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if congress refuses to give the united states the ability to pay its bills on time, the consequences for the entire global economy could be catastrophic. the last time they threatened this course of action our entire economy suffered for it. >> all right. the trajectory of the perspective of compromise. >> that's entertaining but i think a i have a little bit of minority opinion. some of it is a bit overstated. in you're preamble setting this up. to assume that when the president was delivering that speech in 2009, that he did not understand just how difficult the road ahead would be and just how much recess substance he would get from the other party. i think, understates the sophistication that this man has about politics and he knew what the moment was in 2009. i think that right now what you're seeing from this president is a clarity in his sense of what the opportunity is of the moment. he understands what we've come to and let's be clear. when he was talking about, the end to that kind of resistance, he meant paralyzing resistance. we got health care done and we d the economy f
if congress refuses to give the united states the ability to pay its bills on time, the consequences for the entire global economy could be catastrophic. the last time they threatened this course of action our entire economy suffered for it. >> all right. the trajectory of the perspective of compromise. >> that's entertaining but i think a i have a little bit of minority opinion. some of it is a bit overstated. in you're preamble setting this up. to assume that when the president...
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Jan 19, 2013
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i think it is a mistake to start thinking in terms of particular ethnic segments of the united states rather than to think that we are all in this together and we're all going to get out of it together. >> now, here is what i find fascinating. that was in 2009. if you look at the political approach of the campaign in the election year, it was very specifically targeted. in fact, the republicans were shouting up and down this was somehow unfair. >> they were targeting too. they were just saying what everybody didn't want to hear. >> exactly. >> everybody they could possibly alienate. >> what is frustrating about that clip is the only population not specifically addressed has bethesda naval hospital african-american population. immigration is targeted partially toward the latino community. marriage equality. >> right. >> targeted toward the gblt community. we get proclamations. we don't get policy that is targeted toward us. and there are just a couple things he could do without, you know, raising his fist and basically beating on his chest to say, let's target, if there was, chris, a c
i think it is a mistake to start thinking in terms of particular ethnic segments of the united states rather than to think that we are all in this together and we're all going to get out of it together. >> now, here is what i find fascinating. that was in 2009. if you look at the political approach of the campaign in the election year, it was very specifically targeted. in fact, the republicans were shouting up and down this was somehow unfair. >> they were targeting too. they were...
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Jan 30, 2013
01/13
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states, that's compared to the 3.1% growth in the third quarter, you saw defense spending down, federal government spending down, concerns about hurricane sandy holding back the economy and also corporate uncertainty over the fiscal cliff. again, u.s. economic growth negative at the end of the year. let me put that in perspective for you, the first decline since 2009 and it shows the economy slowed dramatically from the third quarter, when you had economic growth of 3.1%, and it's dramatically slower than a year ago when you had 4% growth. here's something interesting, a gauge of hiring though was strong. adp says private sector employers added 192,000 jobs in january, mostly small businesses and lower wage service sector jobs. u.s. stock futures are lower, they had been mixed all morning, they're lower after the gdp report. as of yesterday's close the dow was only 210 points away from an all-time high. this report could put on hold that attempt to try to take out that high. the big government jobs report is friday. today is the last day of a two-day fed meeting. facebook reports after
states, that's compared to the 3.1% growth in the third quarter, you saw defense spending down, federal government spending down, concerns about hurricane sandy holding back the economy and also corporate uncertainty over the fiscal cliff. again, u.s. economic growth negative at the end of the year. let me put that in perspective for you, the first decline since 2009 and it shows the economy slowed dramatically from the third quarter, when you had economic growth of 3.1%, and it's dramatically...
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Jan 13, 2013
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if congress refuses to give the united states the ability to pay its bills on time, the consequences for the entire global economy could be catastrophic. >> okay. so republicans say they want spending cuts. and some are even suggesting that partial government shutdown tactic, that's what's going to be necessary here. there are also some in the gop who are just not happy about all the pork being put into things like the sandy relief bill. that unof course set to go to the house floor on tuesday. nia-malika, do the republicans risk the -- run the risk, rather, of being viewed as completely obstructionist? are they picking the wrong fights? i mean, let's take let's take sandy for example. >> they certainly got a lot of blowback from new yorkers and folks in new jersey around their standing in the way of that sandy relief bill. they ended up passing it in bits and pieces and they will look to do that next week. they do run the risk of being a party that just says no. there is discussion within the republican party about where they want to go. they talk about being a party of ideas. if th
if congress refuses to give the united states the ability to pay its bills on time, the consequences for the entire global economy could be catastrophic. >> okay. so republicans say they want spending cuts. and some are even suggesting that partial government shutdown tactic, that's what's going to be necessary here. there are also some in the gop who are just not happy about all the pork being put into things like the sandy relief bill. that unof course set to go to the house floor on...
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Jan 7, 2013
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. >> if congress refuses to give the united states the ability to pay its bills on time the consequences for the entire global economy could be catastrophic. martha: he says that's that. the president is not going there, so don't even talk about it. let's talk about it with brit hume fox news senior political analyst. good morning, sir, happy new year, good to see you. >> thank you, same to you. martha: it seems those who are thrusting their fist against the wall and talking about spending as we saw from congressman jordan there are getting nowhere. >> look in the battle over this last round the president really had the high cards, and he had the high cards for one reason, one principle reason, and that is that the tax rates were set to go up by law, and did go up by law on the 1st of january. so that was a powerful fact on his side, and gave the republicans very limited leverage on what they could achieve. this time around it's a little different. the tax increase on upper incomes that was imposed by the law and left in place on january 1st allows the republicans to argue that the tax i
. >> if congress refuses to give the united states the ability to pay its bills on time the consequences for the entire global economy could be catastrophic. martha: he says that's that. the president is not going there, so don't even talk about it. let's talk about it with brit hume fox news senior political analyst. good morning, sir, happy new year, good to see you. >> thank you, same to you. martha: it seems those who are thrusting their fist against the wall and talking about...
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Jan 19, 2013
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their decisions will have an impact on investment and job creation right here in the united states. if you've got questions you want me to ask, you're unclear how the u.s. fits into the global economy right now, hit me up before i go or while i'm there. and tune in here saturdays as the 1:00 p.m. eastern, suns at 3:00. thanks for joining the conversation here on "your $$$$$" and have a fantastic $$$$$" and have a fantastic weekend. -- captions by vitac -- www.vitac.com >>> a beautiful day on the national mall. hello, everyone. it's 2:00 on the east coast. 11:00 a.m. out west. thank you for joining us. i'm kate bolduan. >> i'm john berman. great to see you here today. we are live in washington, d.c., covering a huge event for this city and a huge event for the entire country. president barack obama's second inauguration. >> you can just see the beautiful picture behind us. so much going on around the nation's capital this weekend. cnn you can be sure is covering it all. parades, concerts, and religious services all of it leading up to the big main event, president obama's inauguratio
their decisions will have an impact on investment and job creation right here in the united states. if you've got questions you want me to ask, you're unclear how the u.s. fits into the global economy right now, hit me up before i go or while i'm there. and tune in here saturdays as the 1:00 p.m. eastern, suns at 3:00. thanks for joining the conversation here on "your $$$$$" and have a fantastic $$$$$" and have a fantastic weekend. -- captions by vitac -- www.vitac.com...
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Jan 14, 2013
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the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly, because time is running short. >> when you hear that, the president clearly says he's not budging, but is there any sense of there from the congressional perspective? what about congressional republicans? do they have any intention of backing down in what seems to be yet another staring contest? >> reporter: kate, they say the answer is no. in fact, even before the president came out today, we were already hearing from republican leadership aides in the house telegraphing that they time they really mean it. meaning as opposed to a year and a half ago, where they really -- at least the house speaker and most members the leadership and even rank and file were not willing to go to the point where they are willing to default on the u.s. debt. this time, they are, in fact, they are saying that they really mean that they're not going to go do anything without matching dollar for dollar spending cuts with the debt limit. and here's what the speaker himself sai
the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly, because time is running short. >> when you hear that, the president clearly says he's not budging, but is there any sense of there from the congressional perspective? what about congressional republicans? do they have any intention of backing down in what seems to be yet another staring contest? >> reporter: kate, they say the answer is no. in fact, even before the...
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if congress refuses to give the united states the ability to pay its bills. it could be catastrophic. last time congress threatened this course of action our entire economy suffered for it. >> reporter: gop leaders in the house and senate, brace yourself, mr. president. you better believe there is going to be debate. congressman jim jordan says that is what the american people expect. >> let's do it for a change instead of saying give us more revenue. we promise we'll cut spending later. give us more borrowing authority, let us run up the credit card we promise to cut of the this is the old, lucy, charlie brown, the football, the american people are saying we're tired of it. we're not going to try to kick it this time. >> reporter: there is public battle brewing whether or not there will be more tax increases. senate minority leader mitch mcconnell says it is finished. house minority leader nancy pelosi says the possibility of tax hikes is still on the table, jon. jon: shannon bream in washington for us. thank you. jenna: are senate democrats getting a free p
if congress refuses to give the united states the ability to pay its bills. it could be catastrophic. last time congress threatened this course of action our entire economy suffered for it. >> reporter: gop leaders in the house and senate, brace yourself, mr. president. you better believe there is going to be debate. congressman jim jordan says that is what the american people expect. >> let's do it for a change instead of saying give us more revenue. we promise we'll cut spending...
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i could go through name ruumero like why at this time in our economy, i've talked to presidents in my colleges of my city, president of stanford university, why do we have the world's smartest minds come into the united states to the study, to get our ph.d.s, electrical engineering, things i can't even spell, and then we kick them out of the country as opposed to letting them stay here and become job producers. there's a whole array of pragmatic things that could grow the american economy, grow community, and we as democrats need to step up as well. one of the biggest things that frighten me, especially as my team was looking at the state's bud budget and federal government trying to figure out what's beyond in the future is the incredible cost of health care. 17% of our gdp being spent on health care expenses and growing even more so. squeezing out investment in research, squeezing out investment in education, squeezing out investment in infrastructure. >> just not sustainable. >> it's not sustainable. >> mayor booker, health care, you bring up a good point to our transition here, bu
i could go through name ruumero like why at this time in our economy, i've talked to presidents in my colleges of my city, president of stanford university, why do we have the world's smartest minds come into the united states to the study, to get our ph.d.s, electrical engineering, things i can't even spell, and then we kick them out of the country as opposed to letting them stay here and become job producers. there's a whole array of pragmatic things that could grow the american economy, grow...